- ASIAN ART WEEK - ARTS OF THE EAST, ASIA AND ELSEWHERE & Mr. X's collection

Boisgirard - Antonini and Biarritz Enchères are companies

of voluntary auction sales regulated by the law of

the 10 July 2000. In such capacity Boisgirard - Antonini

and Biarritz Enchères acts as the agent of the seller who

contracts with the buyer.The relationships between Boisgirard

- Antonini and Biarritz Enchères and the buyer are

subject to the present general conditions of purchase

which can be modified by saleroom notices or oral indications

given at the time of the sale, which will be recorded

in the official sale record.

1 - Goods for auction

a) The prospective buyers are invited to examine any

goods in which they may be interested, before the auction

takes place, and notably during the exhibitions.

Boisgirard - Antonini and Biarritz Enchères are at disposal

of the prospective buyers to provide them with

reports about the conditions of lots.

b) Description of the lots resulting from the catalogue,

the reports, the labels and the verbal statements or announcements

are only the expression by Boisgirard

- Antonini of their perception of the lot, but cannot

constitute the proof of a fact.

c) The statements by made Boisgirard - Antonini and

Biarritz Enchères about any restoration, mishap or harm

arisen concerning the lot are only made to facilitate the

inspection thereof by the prospective buyer and remain

subject to his own or to his expert’s appreciation.

All the lots above 5 000 Euros have been submitted to

the Art Loss Register.

Notes in English are neither complete nor accurate, but

are just an approximate description for English-speaking

buyers. The condition of the pieces is not mentioned.

The absence of statements Boisgirard - Antonini and

Biarritz Enchères by relating to a restoration, mishap

or harm, whether made in the catalogue, condition reports,

on labels or orally, does not imply that the item is

exempt from any current, past or repaired defect. Inversely,

the indication of any defect whatsoever does not

imply the absence of any other defects.

d) Estimates are provided for guidance only and cannot

be considered as implying the certainty that the item

will be sold for the estimated price or even within the

bracket of estimates.

e) Attributions have been made taking into account

scientific and artistic knowledge at the date of the sale.

Claims will not be accepted for ordinary restorations and

minor damages to lots, considering that buyers are given

the opportunity to assess the condition of the lots

at the time of the pre-sale exhibition.

The condition of antiquities, early ceramics, metal- work,

glass and textiles is not guaranteed, since most of the

pieces are commonly damaged. Necklaces are recomposed

with ancient elements. Dimensions are given for

information only, especially concerning the framed paintings.

2 - The sale

a) In order to assure the proper organisation of the

sales, prospective buyers are invited to make themselves

known to Boisgirard – Antonini and Biarritz Enchères

before the sale, so as to have their personal identity data

recorded. Boisgirard - Antonini reserves the right to ask

any prospective buyer to justify his identity as well as his

bank references.

Boisgirard - Antonini and Biarritz Enchères reserve the

right to refuse admission to the auction sales premises

to any prospective buyer for legitimate reasons.

b) Any person who is a bidder undertakes to pay personally

and immediately the hammer price increased by

the costs to be born by the buyer and any and all taxes

or fees/expenses which could be due.

Any bidder is deemed acting on his own behalf except

when prior notification, accepted by Boisgirard - Antonini

and Biarritz Enchères are given that he acts as an

agent on behalf of a third party.

c) The usual way to bid consists in attending the sale on

the premises.

However, Boisgirard - Antonini and Biarritz Enchères

may graciously accept to receive some bids by telephone

from a prospective buyer who has expressed

such a request before the sale.

Boisgirard - Antonini and Biarritz Enchères will bear

no liability/responsability whatsoever, notably if the telephone

contact is not made, or if it is made too late, or

in case of mistakes or omissions relating to the reception

of the telephone.

For variety of purposes, Boisgirard - Antonini and Biarritz

Enchères reserve there right to record all the telephone

communications during the auction. Such records

shall be kept until the complete payment of the

auction price, except claims.

d) Boisgirard - Antonini and Biarritz Enchères will bear

no liability/responsibility in case of mistakes or omission

of performance of the written order.

e) In the event where a reserve price has been stipulated

by the seller, Boisgirard - Antonini and Biarritz Enchères

reserve the right to bid on behalf of the seller

until the reserve price is reached.

f) Boisgirard - Antonini and Biarritz Enchères will

conduct auction sales at their discretion, in accordance

with established practices.

Boisgirard - Antonini and Biarritz Enchères reserve the

right to refuse any bid, to organise the bidding in such

manner as may be the most appropriate, to move some

lots in the course of the sale, to withdraw any lot in the

course of the sale, to combine or to divide some lots in

the course of the sale.

In case of challenge or dispute, Boisgirard - Antonini and

Biarritz Enchères reserve the right to designate the successful

bidder, to continue the bidding or to cancel it, or

to put the lot back up for bidding.

No lot will be delivered to the buyer until full payment

has been made.

In case of payment by an ordinary draft/check, payment

will be deemed made only when the check will have

been cashed.

3 - The incidents of the sale

a) In case two bidders have bidden vocally, by mean of

gesture or by telephone for the same amount and both

claim title to the lot, after the bidding the lot, will immediately

be offered again for sale at the previous last bid,

and all those attending will be entitled to bid again.

b) So as to facilitate the presentation of the items during

the sales, Boisgirard - Antonini will be able to use video

technology.

Should any error occur in operation of such, which may

lead to show an item during the bidding which is not

the one on which the bids have been made, Boisgirard -

Antonini and Biarritz Enchères shall bear no liability/responsability

whatsoever, and will have sole discretion to

decide whether or not the bidding will take place again.-

4 - Pre-emption of the French state

The French state in entitled to use a right of pre-emption

on works of art, pursuant to the rules of law in force. The

use of this right comes immediately after the hammer

stroke, the representative of the French state expressing

then the intention of the State to substitute for the last

bidder, provided he confirms the pre-emption decision

within fifteen days.

Boisgirard - Antonini and Biarritz Enchères will not

bear any liability/responsibility for the conditions of the

pre-emption by the French State.

5 - The performance of the sale

a) In addition to the lot’s hammer price, the buyer must

pay the following costs and fees/taxes :

1) Lots from the EEC :

The buyer must pay Boisgirard - Antonini, in addition

to the hammer price, commission of 24% excl. Tax (with

VAT 28,80%) of the sale price up to 350 000 Euros. For

the books the commission will be : 24% excl. Tax + 5.5%

(with VAT 25,32%)

By credit card, Boisgirard - Antonini, will charge 1% in

addition to the hammer price.

2) The taxes (VAT on commissions and VAT on importation)

can be retroceded to the purchaser on presentation

of written proof of exportation outside the EEC.

3)All the bidders that won lots throught DROUOT LIVE

will have fees of 30,80%.

An EEC purchaser who will submit his intra-Community

VAT number will be exempted from paying the VAT on

commissions.

The payment of the lot will be made cash, for the whole

of the price, costs and taxes, even when an export licence

is required.

The purchaser will be authorized to pay by the following

means:

- in cash : up to 1 000 euros, costs and taxes included,

for French citizen, up to 15 000 euros, costs and taxes

included, for foreign citizen on presentation of their

identity papers.

- By cheque or bank transfer.

- By credit card : VISA, MASTERCARD.

b) Should the buyer have neglected to give his per- sonal

information before the sale, he will have to give the

necessary information as soon as the sale of the lot has

taken place.

c) The lot must to be insured by the buyer immediately

after the purchase. The buyer will have no recourse

against Boisgirard - Antonini, in the event where, due to

a theft, a loss or a deterioration of his lot after the purchase.

d) The lot will be delivered to the buyer only after the

entire payment of the price, costs and taxes.

In the meantime Boisgirard - Antonini and Biarritz Enchères

may invoice to the buyer the costs of storage

of the lot, and if applicable the costs of handling and

transport.

Should the buyer fail to pay the amount due, and after

notice to pay has been given by Boisgirard - Antonini to

the buyer without success, at the seller’s request, the lot

is re-offered for sale, under the French procedure known

as “procédure de folle enchère”. If the seller does not

make this request within a month from the date of the

sale, the sale will be automatically cancelled, without

prejudice to any damages owed by the defaulting buyer.

In addition, Boisgirard - Antonini and Biarritz Enchères

reserve the right to claim against the defaulting buyer,

at their option :

- interest at the legal rate increased by five points,

- the reimbursement of additional costs generated by

the buyer’s default,

- the payment of the difference between the initial hammer

price and the price of sale after “procédure de folle

enchère” if it is inferior as well as the costs generated by

the new auction.

Boisgirard - Antonini reserves the right to exclude from

any future auction, any bidder who has been a defaulting

buyer or who has not fulfilled these general conditions

of purchase.

e) For items purchased which are not collected within

seven days from after the sale (Saturdays, Sundays and

public holidays included), Boisgirard - Antonini and Biarritz

Enchères will be authorized to move them into a

storage place at the defaulting buyer’s expense, and to

release them to same after payment of corresponding

costs, in addition to the price, costs and taxes.

6 - Intellectual Property Right - Copyright

The copyright in any and all parts of the catalogue is the

property of Boisgirard - Antonini and Biarritz Enchères.

Any reproduction thereof is forbidden and will be considered

as counterfeiting to their detriment.

Furthermore, Boisgirard - Antonini benefits from a legal

exception allowing them to reproduce the lots for auction

sale in their catalogue, even though the copyright

protection on an item has not lapsed.

7 - Law and Jurisdiction

These Conditions of purchase are governed by French

law exclusively.

Any dispute relating to their existence, their validity

and their binding effect on any bidder or buyer shall be

submitted to the exclusive jurisdiction of the Courts of

France.